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2007 AUG 08 CC MIN - SPECIALSPECIAL MEETING OF THE EL SEGUNDO CITY COUNCIL WEDNESDAY, AUGUST 8, 2007 EMERGENCY OPERATIONS CENTER (EOC) in Police Building 348 Main Street, El Segundo, CA 90245 8:00 a.m. - Noon 8:00 A.M. SESSION CALL TO ORDER — Mayor McDowell at 8:10 a.m. ROLL CALL Mayor McDowell - Present Mayor Pro Tem Busch - Present Council Member Boulgarides - Present Council Member Fisher - Present Council Member Jacobson - Present PUBLIC COMMUNICATIONS — (Related to City Business Only — 5 minute limit per person, 30 minute limit total) Individuals who have received value of $50 or more to communicate to the City Council on behalf of another, and employees speaking on behalf of their employer, must so identify themselves prior to addressing the City Council. Failure to do so shall be a misdemeanor and punishable by a fine of $250. While all comments are welcome, the Brown Act does not allow Council to take action on any item not on the agenda. The Council will respond to comments after Public Communications is closed. SPECIAL ORDERS OF BUSINESS: Consideration and possible action regarding a staff presentation of the assumptions made in preparing the FY 2007/2008 City Budget, including an estimate of the revenues and expenditures, the assumptions made in presenting a balanced budget. Jeff Stewart, City Manager, gave a brief introduction. Deborah Cullen, Interim Finance Director, gave a report. 2. Consideration and possible action regarding detailed summaries of all department budgets included in the FY 2007 -2008 Preliminary Budget including detailed descriptions of the recommendations stated in the budget overview. 3. Consideration and possible action regarding staff recommendations for proposed new programs included in the FY 2007 -2008 Preliminary Budget as specified in "Attachment A ". 4. Consideration and possible action regarding staff recommendations for all personnel reclassification changes included in the FY 2007 -2008 Preliminary Budget as detailed in "Attachment B ". 5. Consideration and possible action of a proposed reorganization of the Administrative Services Department, including the creation of a Director of Finance position and a Director of Human Resources position (See "Attachment C "). Recess: 9:20 a.m. Reconvene: 9:25 a.m. All Members Present 6. Consideration and possible action to provide $750,000 in the FY 2007 -2008 Preliminary Budget to fund programs recommended by the Capital Improvement Program Advisory Committee ( CIPAC) (See "Attachment D "). 7. Consideration and possible action to provide $240,200 in the FY 2007 -2008 Preliminary Budget to fund technology projects recommended by the Executive Technology Review Committee (See "Attachment E "). 8. Consideration and possible action regarding recommendations from the Investment Advisory Committee to place into a CalPERS irrevocable trust $1.5 million previously authorized by the City Council during FY 2006 -2007 and to authorize and place into an irrevocable trust an additional $1.5 million in the 2007 -2008 Preliminary Budget for the purpose of funding long -term retiree medical costs in accordance with Governmental Accounting Standards Board (GASB 45) requirements (See "Attachment F "). Council requested a special meeting be set up to have the Actuary present the projections and scenarios. Council possibly to authorize the implementation of a trust fund after the special meeting. 9. Consideration and possible action of proposed designation of funds received for the Athletic Field naming rights as follows: a. Appropriate $350,000 to reimburse the Traffic Mitigation fund for the Douglas Street improvements; b. Authorize $100,000 for long -term maintenance of the synthetic turf on the Athletic Fields located at 2201 E. Mariposa Avenue; C. Appropriate $200,000 for the Recreation Park Retaining Wall Project on the softball field located on the east side of Eucalyptus Street, between Grand Avenue and Holly Avenue. (See "Attachment G ") Division of the first payment of $750,000 funds received for the naming rights: a. Appropriate $350,000 to reimburse the Traffic Mitigation fund. b. Appropriate $200,000 for the Recreation Park Retaining Wall Project, (Softball Field enhancement Project) combined with the CIPAC appropriation of $220,000 to complete the project. Excess funds from the project to be placed in the Economic Uncertainty Fund. C. Authorize $100,000 to a long -term maintenance fund for replacement of the synthetic turf. Discuss the possibility of placing the second payment of $750,000 to be received in January, in the maintenance fund. d. Requested Finance to estimate the amount needed to fully fund replacement of the field in 10 years, and an amount to earmark each year for replacement in 20 years. 10. Consideration and possible action regarding the Fiscal Year 2006 -2007 status of the Equipment Replacement Fund; review funding levels, accumulated totals and lifecycle adjustments from prior years and proposed funding included in the Fiscal Year 2007 -2008 Preliminary Budget. (See "Attachment H ") 11. Consideration and possible action to authorize continued financial assistance to the El Segundo Unified School District in the amount of $250,000 annually. (See Attachment I ") Staff to work with the School District to develop a 5 year agreement with a clause for cancellation. Report on how the money is used, and amount to remain the same at $250,000. Council Member Boulgarides requested a rough estimate be obtained for costs of an overhead sign at Grand Avenue and Vista del Mar. 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C O -0 C CO _ E C: O •O m � cn L- .4-- O U V .E O f` N C Q y O . C O +_, p C m I v � _ 'c� CU CL I CL LZ CL '� •0 0 ` C .iii LL �/ E C6 � . C O LO a� U CCU cn Q c 0 c� N L T- LC) E O U U C a O �� N ■ — c Z 4J M C/) O O O .y 6 c CD E O m O p N N LO cc c 4- al N t}o� �= N O U _ CO Y. c w 0 N C/) c O cOn �, W CO O c0i) W co cu 0- ca w CU a to cn cn ° CO n cn o co o � � r M 60- t�A ON O C .�.+ V L- 0 C: i cn L- N _ c cu U O p C (U V j c CU U C M 2 Z U) i.� d. Q Z c > � _ Y co) � c cn U '''' — O M L N CD • c O a a � �,, N C� L- O L- (n C_ (� N N m fn CU ai N, C c E Z a 2 .� CU C Z Ocn QiE.o o< co m2af N 4" c � c U U U E' c co D) C U E° �, cu m �c C 2 C) ii iL --E N U cn U cn U cn U c c c c Q C/) (6 Quo Qcn Qcn CIPAC Proposed Projects (Total Funding $3,513,000) Project Project Requested General Gas Tax Sewer Water Prop C Recomm- No. Amount Fund Fund Fund ended 1 Sewer Main Repair $835,000 $835,000 $835,000 Pump Station No. 1 Upgrades 2 and Force Main and Station $300,000 $542,000 $542,000 No. 7 Abandonment (Design) 3 Air and Marine Traffic Radar $315,000 $25,000 $25,000 Tracking and ID 4 Curb and Sidewalk $185,000 $100,000 $100,000 Replacement Citywide 5 Pump Station No. 2 Upgrades $900,000 $100,000 $100,000 and Force Main Replacement 6 Water Main Replacements $900,000 $986,000 $986,000 7 Washington Park Irrigation $210,000 $210,000 $210,000 System Replacement 8 Retaining Walls at Recreation $220,000 $220,000 $220,000 Park 9 Arterial Streets Rehabilitation $850,000 $39,000 $100,000 $100,000 $239,000 Program 10 LED Traffic Signal Retrofit $170,000 $170,000 $170,000 11 Stevenson Field Bleachers $26,000 $26,000 $26,000 12 Downtown Wireless Internet $60,000 $60,000 $60,000 Total $750,000 $200,000 $1,477,000 $986,000 $100,000 $3,513,000 i i CIPAC Proposed (Total C 1 PAC Recommendations for FY 2007 -08 Project Requested I Amount No. Project Amount General Fund Gas Tax Sewer Fund Water Fund Pro C Recommended' l _ ► _ P _$835,000_ { _.I $835,000 _.{. { $8355000 Pump Station No. 1 Upgrades and Force Main ' i 2 $300,000 ( 1 $542,000 $542,000 and Station No. 7 Abandonment (Design) i 3 Air and Marine Traffic Radar Tracking and ID z $315000 { $25,000 _ F; $25,000 _._ _._ Wri �. _._ -. 4 Curb and Sidewalk Replacement Citywide $185,000 x$100,000 - ^Y w - $100,000 -. - 5 Pump Station No. 2 Upgrades and Force Main $800,000 $100,000 I $100,000 Replacement I 6 Water Main Replacements ' _ $900,000 { ( �w$986 000 �+^ - $986,000 _._._._.. _._p_ -._. ts ._.__._ .._ - _._._ ..._.N_ i.._�.$9.__ - - -_ - __.._. $210 ,007 Washington Park Irr ation System Replacement $210,000 0 $210,000 ---- ._ I . 8 Retaining Walls at Rereation Park $220 000 $220,000 9 s Arterial Streets Rehabilitation Pr ram $850,000 $39,000 $100,000 _ -- $100,000 i $239,000 _ _. _ __.__.. ._._. _ - w._ ..__ . r 10 LED Traffic Signal Retrofit $170,000 { $170,000 { { $170,000 _ 11 ' Stevenson Field Bleachers $26_,0D_&_ 26 000 $26,000 $26,000 12 Downtown Wireless Internet $60 000 $60,000 I $60,000 Total $750,000 $200,000 $1,477,000 $986,000 $100,000 $3,513,000 54 Proposed Tech. Projects 55 Proposed Technology Projects Fiscal Year 2007 -08 Below is a summary of the results of the ETRC vote: Project Funding Amount/ Source General Fund Other Funds Public Computer Stations for Adult Internet Access and Children's Educational Software $ - 23,500 Utility Billing Software 801000 Database Server Licensing 461800 - Physical Security for City Hall Complex 35,950 - Email Server Licenses 28,900 - Network Backbone Router and Firewall 99,050 - Questys Application Interface 29,500 - Total $ 2402200 103,500 56 GASB 45 57 Retiree Healthcare Plan GASB 45 Recommendations Establish an irrevocable trust through CaIPERS. Deposit the $1.5 million into the trust designated by Council funded from the 05 -06 surplus which was deposited into the Economic Uncertainty Fund. Deposit up to $1.5 million into the trust if there is any 06 -07 General Fund surplus. Council establish a policy to deposit future excess General Fund surplus into this trust, possibly phased in over a period of time. Retiree Healthcare Plan GASB 451 pact The purpose of GASB 45 is to recognize the cost of post employment benefits when the employee is rendering service; GASB 45 requires the City to account for this promised benefit on an accrual basis (as the benefits are earned). To consider a retiree healthcare plan funded for GASB 45 purposes, assets must be set aside in a trust that cannot, legally, be used for any purpose other than to pay retiree healthcare benefits. Historically the City has accounted for retiree healthcare benefits as they were paid. . The FY 2006 -2007 budgeted amount was $1.706 million to fund current retiree costs; . The FY 2007 -2008 budget projection is $1.791 million. 58 Retiree Healthcare Plan GASB 451 pact )> Requirements of GASB 45 . Need to obtain actuarial valuation of unfunded liability and related annual required contribution. Components considered in actuarial study are as follows: • Benefit promise /the promise to employees • Participant Statistics — Number of active participants, average age, average service, average PERS -able wages and number of retirees; average age of retirees, and average retirement age. • Future healthcare inflation rates; • Need to define and document Other Post Employment Benefit ( "OPEB ") plan; • Need to determine funding of identified liability 59 Retiree Healthcare Plan GASB 451 pact Options to address OPEB liability — Renegotiate, change, eliminate, or otherwise reduce benefits • Share health benefit cost increases with employees and retirees Cap employer's total exposure • Establish a funding level and fund Annual Required Contribution (ARC) through irrevocable trust Implications of continuing to fund OPEB on a pay -as- you -go basis — • At some point pay -as- you -go contributions will become much more expensive than the ARC. • Failure to pre -fund increases risk that future benefits, the costs of which are expected to rise exponentially, can actually be fully funded. • Failure to pre -fund may have negative effect on bond ratings. 00 m w am O d s .r 4m 0 i!l ca E E cn cc 0 0 CN � O w M CC L CO � d = Q. um cn w O N R O O O O O O o O O O rn It d. c: C6 Ld N 0 0. cm O O cu O U LL N M M J d; :3 O Z (u w .� O O O O O O rn C CA CY) It d. �.�60j- 0 O M ,o 0 M ti 64;� 64). 69-1 0 0 0 M rlr, LLJ 0 0 N ti 64).1 co 0 cu O 14 J :3 U (u w .� Q L CU IL O -a C C6 -0 J < Z � cu a .J •M N U) _ ` C (D Cl) Q� L CU V U Q C N C j Q Q H v D w:3 Q co The City's Actual September 30, 2006 Net OPEB Obligation for Fiscal Year 2005 -2006 20 -year Amortization: Total Annual Required Contribution (ARC) Total ARC % 30 -year Amortization: Total ARC Total ARC % No Funding 4.25% $7,041,000 36.2% $578187000 29.9% Funding 7.75% $4,562,000 23.5% $3,894,000 20.0% 62 Equipment Replacement Fund 63 LL c� E •� � w � 0-0 CU 4- N � � U LL > Q CU C: CZ Q E a� -=0L -". 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